Thats why its a challenge.Difficult. Medieval times saw deflation quite often since the church used the donated silver money to make chalices and such from it, but since there's paper money around, the only danger is inflation, not the opposite. And let's not even talk about electronic money.
Well, Japan did suffer from deflation during the 90's and early 2000's. The challenge now is to make this worldwide. Maybe the current real estate boom goes bust?Difficult. Medieval times saw deflation quite often since the church used the donated silver money to make chalices and such from it, but since there's paper money around, the only danger is inflation, not the opposite. And let's not even talk about electronic money.
Well, Japan did suffer from deflation during the 90's and early 2000's. The challenge now is to make this worldwide. Maybe the current real estate boom goes bust?
Can it be done by dramatic drops in energy or raw materials prices? Frex (presuming earlier than OTL introduction, or ASB, take your pick), solar power satellites dropping the cost of power to pennies a megawatt? Or asteroid mining dropping the cost of a ton of steel closer to an OTL pound of zinc? Or, if you'd rather, ocean thermal conversion rigs doing much the same...
Any particular reason why you keep bumping old threads?![]()
Any particular reason why you keep bumping old threads?![]()
I guess because he's new?